{"data":{"id":"us-ak/as-10.13.460","jurisdiction":"us-ak","citation":"AS 10.13.460","heading":"Department approval.","body":"The department may not approve a merger, purchase, or sale under AS 10.13.430 — 10.13.450 unless the department determines that\n(1) the merger, purchase, or sale will be safe and sound with respect to the acquiring licensee;\n(2) upon consummation of the merger, purchase, or sale, it is reasonable to believe that the acquiring licensee will comply with this chapter;\n(3) the merger, purchase, or sale will not have a major detrimental effect on competition in the providing of financial assistance or management assistance to businesses, or, if there will be a detrimental effect, the merger, purchase, or sale is necessary in the interests of the safety and soundness of a party to the merger, purchase, or sale, or is otherwise, on balance, in the public interest.","path":["Title 10. Corporations and Associations.","Chapter 13. Alaska BIDCO Act.","Article 4. Acquisitions of Control, Mergers, Purchases, and Sales."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.13.460","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"5cc4c713573dfb1b603961cad731171454006901be1b7905b1fef172819cb89a","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.13.450","next":"us-ak/as-10.13.470"},"notice":"GroundRules: Original legal text. Not legal advice."}